The common theme is that all 3 companies have a lot of cash on hand, a lot of similar acreage in similar areas and also a decent amount of oil and gas reserves. They also have their admin triplicated in the same locales.
They also have plenty of prospective licence areas and not spread across the globe.
If someone was to stitch the three companies together, the cash held would be far too much than is necessary for one entity.
NZOG do not have any significant major shareholders, and now PPP only has one (and I bet the rest of the family want him to sell his shares because he has really p1ssed their money away big time). All it will take it some sort of agreement with Todd on the future of Cue and this is very doable.
CUE Price at posting:
11.0¢ Sentiment: None Disclosure: Not Held
ZER Price at posting:
66.0¢ Sentiment: None Disclosure: Not Held
